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up next, just over 24-hours from now if we goefr the fiscal cliff, who should we blame? okay, here's the plan. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my motr was so wrong about you. next, we get priory boarding on our flight i booked with miles. all because of the card. and me. okay, what's the plan? plan? mm-hmm. we're on vacation. there is no plan. really? [ male announcer ] the united mileageplus explorer card. the mileage card with speci perks on united. get it and you're in. i wish i could keep it this way. [ male announcer ] now you can. with the crest pro-health clinical line. used together, they help keep your teeth 97% as clean as a dental cleaning. the toothpaste actually reduces plaque. and the rinse reaches all areas and is clinically proven to help prevent plaque regrowth. crest pro-health clinical line. together, they help keep your teeth 97% as clean as a dental cleaning. crest. life opens up when you do. ♪ >> this country is about to take a plunge over the fiscal cliff. who is real
up next, just over 24-hours from now if we goefr the fiscal cliff, who should we blame? okay, here's the plan. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my motr was so wrong about you. next, we get priory boarding on our flight i booked with miles. all because of the card. and me. okay, what's the plan? plan? mm-hmm. we're on vacation. there is no plan. really? [ male announcer ] the united mileageplus explorer card. the...
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coming up what does the fiscal cliff mean and how does it effect you your family and your wallet? later if we go over the fiscal cliff, would a response to an attack like benghazi be even worse? stay with us. >> what president obama says about raising taxes. >> i am just listening to the consensus among people who know the economy best. and what they will say is that if you either increase taxes or significantly lower spending when the economies remain some what fragile it would have a de simulated effect and potentially you see a lot of folks losing business, more folks potentially losing jobs that would be a mistake when the economy has not fully taken off. >>> with me is wall street journal senior economics writer receive moore. has the president changed his mind? >> i love that quote that you have shown. i think it was almost exactly two years ago when the president said that. he said the economy was too fragile for a tax increase. the economy is more fragile now than it was two years ago. if the president were to make an announcement tonight and be a real statesman we are at
coming up what does the fiscal cliff mean and how does it effect you your family and your wallet? later if we go over the fiscal cliff, would a response to an attack like benghazi be even worse? stay with us. >> what president obama says about raising taxes. >> i am just listening to the consensus among people who know the economy best. and what they will say is that if you either increase taxes or significantly lower spending when the economies remain some what fragile it would...
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the. >> thank you, senator. >> the fiscal cliff isn't the only looming deadline. geithner is warning the nation will hit their debt ceiling on new year's eve. how will it impact your wallet? we are joined by rich edson. nice to see you. what will it mean for everyone? >> if you are borrowing money that could be problem matt ag. analysts say if we surpass the debt ceiling, and the pressurery department can do accounting and buy us a little more time, about $200 billion more time. but if we do surpass that point, interest rates would go up if you are looking to borrow money. money invested in the stock market, analysts predict worldwide markets would have major problems. if you get payments from the government in any form, whether paidfy the government, whether your job is involve in the government or if you get social security checks, if you get veterans benefits, if your government pace your healthcare, all of that could be at risk if there's not enough money or borrowing authority to pay the bills. >> you mentioned the word extraordinary circumstances. what a nic
the. >> thank you, senator. >> the fiscal cliff isn't the only looming deadline. geithner is warning the nation will hit their debt ceiling on new year's eve. how will it impact your wallet? we are joined by rich edson. nice to see you. what will it mean for everyone? >> if you are borrowing money that could be problem matt ag. analysts say if we surpass the debt ceiling, and the pressurery department can do accounting and buy us a little more time, about $200 billion more...
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. >> doug: pessimism and frustration on capitol hill as fiscal cliff talks stall and the clock races forward. this is "special report." good evening. i'm doug mckelway in for bret baier. four days until we head to the fiscal cliff. now it looks like childhood i go, you go games with neither side showing a willing nose go first. mike emanuel on where he head now. >> reporter: pessimistic tone for heading for the fiscal cliff in days. president obama and senators cut the christmas vacation short. the leader is happy to review what the president has in mind but to date they have not put forward a plan. late today, mcconnell expressed frustration. >> this is a conversation we should have had months ago. republicans aren't about to write a blank check or anything that senate democrats put forward just because we find ourselves at the essential. >> asked if he was going over the cliff, biden joked cliff? what cliff? this has been operated with a dictatorship of the speaker. not allowing the vast majority of the representatives to get what they want. they want them to return in case a deal
. >> doug: pessimism and frustration on capitol hill as fiscal cliff talks stall and the clock races forward. this is "special report." good evening. i'm doug mckelway in for bret baier. four days until we head to the fiscal cliff. now it looks like childhood i go, you go games with neither side showing a willing nose go first. mike emanuel on where he head now. >> reporter: pessimistic tone for heading for the fiscal cliff in days. president obama and senators cut the...
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as we slide toward the fiscal cliff. we'll ask our sunday panel about the president's latest plan to take some of the pain out of going over the brink. will the gop sign on? sometimes life can be well, a little uncomfortable. but when it's hard or hurts to go to the bathroom, there's dulcolax stool softener. dulcolax stool softener doesn't make you go, it just makes it easier to go. dulcolax stool softener. make yourself comfortable. >> chris: call me a hopeless optimist but i actually still think we can get it done. >> how we get there, god only knows. >> chris: the president and speaker boehner still looking for some way to cushion the blow of going over the fiscal cliff. time for our sunday group. bill kristol of the weekly standard. kirsten powers. laura ingraham and fox news political analyst juan williams. >> this week one gave me a new way to think of the way we are accumulating the huge national debt. it is interesting. under president obama the debt increased $5.7 trillion. the estimated cost of recovery from hu
as we slide toward the fiscal cliff. we'll ask our sunday panel about the president's latest plan to take some of the pain out of going over the brink. will the gop sign on? sometimes life can be well, a little uncomfortable. but when it's hard or hurts to go to the bathroom, there's dulcolax stool softener. dulcolax stool softener doesn't make you go, it just makes it easier to go. dulcolax stool softener. make yourself comfortable. >> chris: call me a hopeless optimist but i actually...
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. >> quick break and then much more on the fiscal cliff. and the rogue nation iran engaging in war games this new year's day. the country test firing weapons near a critical piece of real estate. a live report from the middle east straight ahead. >>> welcome back. we just heard from the democrats in the house asking for a straight up or down vote on the senate's version of the fiscal cliff bill. the number two republican in the house of representatives just speaking out. we are just getting word that he has told the republicans in the house that he is opposed to the senate's version of this bill, and that could be critical. so let'sok at what this could mean for your bottom line. first of all the bill as it stands right now, the one passed in the senate would end the payroll tax cut, hikes taxes on income above $450,000 a year for families. it makes the alternative minimum tax patch permanent. it also extends unemployment benefits for the long-term jobless and proposed spending defense and non-spending cuts. for a look at the economic impac
. >> quick break and then much more on the fiscal cliff. and the rogue nation iran engaging in war games this new year's day. the country test firing weapons near a critical piece of real estate. a live report from the middle east straight ahead. >>> welcome back. we just heard from the democrats in the house asking for a straight up or down vote on the senate's version of the fiscal cliff bill. the number two republican in the house of representatives just speaking out. we are...
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over the fiscal cliff, the rangeling in washington has already caused a hit on the economy. can you explain sort of what the impact of the debate has been. >> you dw definitely seen it. ju as early as friday when we report that the president was not making his new offer with offers down at the white house. we saw the stock market sell off rather dramatically just in those couple of minutes as that news was coming out. i got to say that over the past 24 hours or so the stock market has been relatively calm sort of expecting a deal, expecting that lawmakers will somehow come to a consensus here. in terms of long-term planning, this is difficult for businesses who don't know what the tax situation is going to be for the next year. it's that uncertainty. so many businesses have such difficulty, and a lot of folks do say that there are a lot of hires that would have been made in the economy right now. new jobs created. new people added to existing companies that haven't happened as a result of this hangover over the economy, which is coming from the fiscal cliff. >> all right. am
over the fiscal cliff, the rangeling in washington has already caused a hit on the economy. can you explain sort of what the impact of the debate has been. >> you dw definitely seen it. ju as early as friday when we report that the president was not making his new offer with offers down at the white house. we saw the stock market sell off rather dramatically just in those couple of minutes as that news was coming out. i got to say that over the past 24 hours or so the stock market has...
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the fiscal cliff deadline is getting closer and closer, if lawmakers fail to reach a deal in time, our nation's top employers, the small businesses in our communities, will have some difficult decisions to make, with 2013, will it bring more economic opportunities or will the job market contract? stay with us. >> the looming fiscal cliff is leaving many small businesses in limbo in this country. some owners say uncertainty over potential tax hikes is keeping them from expanding and hiring new employees and analysts warn, that's a recipe for disaster in this already sluggish economy. anna kooiman joins us with more. many small businesses owners say they're kind of operating on the defensive right now. >> it's tough to plan. they're making decisions based on business coming in and the risk of losing it all. arthur cooper is concerned that the change in tax rates will hurt his ability to hire so he doesn't want to expand. >> when you don't know what the rules are, all right? and that's-- it's hard to be aggressive and it's hard to-- it's hard to be really resolute and you know, in your bu
the fiscal cliff deadline is getting closer and closer, if lawmakers fail to reach a deal in time, our nation's top employers, the small businesses in our communities, will have some difficult decisions to make, with 2013, will it bring more economic opportunities or will the job market contract? stay with us. >> the looming fiscal cliff is leaving many small businesses in limbo in this country. some owners say uncertainty over potential tax hikes is keeping them from expanding and hiring...
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we have fiscal cliff and debt ceiling fears. that's driving that. how do you invest now? we are about to ask a top money manager. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ and the next great idea could be yours. well, if itmr. margin?margin. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. when the doctor told me that i could smoke for the first week... i'm like...yeah, o
we have fiscal cliff and debt ceiling fears. that's driving that. how do you invest now? we are about to ask a top money manager. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be...
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. >> thank you. >> and who is going to be blamed if washington doesn't make a deal on the fiscal cliff? we are going to debate that plus, france says no to high taxes on the rich. could the united states learn something from that? we'll analyze that when we come back. ♪ need not wonder why ♪ ♪ no tim ♪ ♪ you're a heartbreaker, dream maker ♪ >> welcome back to a sunday prime time edition of "the five." and as the clock ticks down and going over the so-called fiscal cliff. no deal he yet, but there is some finger pointing going on. >> i'm concerned about the lack of urgency here. i think we all know we're running out of time. this is far too much at stake for political gamesmanship. we need to protect the american families and businesses from this looming tax hike. everyone agrees that that option is necessary. >> i will say this, i think that the republican leader has shown absolutely good faith, but it's just that we're apart on some pretty big issues. >> and senator reid-- >> this has been a blame game from the very, very beginning and dana, we saw today president obama ta
. >> thank you. >> and who is going to be blamed if washington doesn't make a deal on the fiscal cliff? we are going to debate that plus, france says no to high taxes on the rich. could the united states learn something from that? we'll analyze that when we come back. ♪ need not wonder why ♪ ♪ no tim ♪ ♪ you're a heartbreaker, dream maker ♪ >> welcome back to a sunday prime time edition of "the five." and as the clock ticks down and going over the...
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as immediate as the term "fiscal cliff" seems to imply. the expiration of the tax cuts with a $2200 average tax high. the payroll tax cut would also expire meaning another $40 a paycheck and long-term unemployment benefits would end for 2 million americans. while these elements could have a recession-inducing effect, they could undo those measures shortly after the first of the year. estimations are if we do go over the cliff it would be the third quarter which the recession may hit. when be look at the issue of a -- the markets, however, may feel the brunt of the fiscal cliff fallout. the dow fell on friday after the deal failed the night before. last week fitch warned it may downgrade the u.s. credit rating if congress cannot reach a deal. some lawmakers are angling for the best political outcountry. >> when i listen to the president, i think he's eager to go over the cliff for political purposes. he gets all this additional tax revenue for new programs, gets to cut the military which democrats have been calling for for years, and he get
as immediate as the term "fiscal cliff" seems to imply. the expiration of the tax cuts with a $2200 average tax high. the payroll tax cut would also expire meaning another $40 a paycheck and long-term unemployment benefits would end for 2 million americans. while these elements could have a recession-inducing effect, they could undo those measures shortly after the first of the year. estimations are if we do go over the cliff it would be the third quarter which the recession may hit....
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thank you. >> thank you. >>> are retail sales diving off the fiscal cliff? we'll talk about how the tax cut debate is impacting the recent christmas shopping economy. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? when you lost the thing you can't believe you lost.. when what you just bought, just broke. or when you have a little trouble a long way from home... as an american express cardmember you can expect some help. but what you might not expect, is you can get all this with a prepaid card. spends like cash. feels like membership. >>> senator mike crapo is apologizing for his drunk driving arrest. he said, quoetd, i'm deeply sorry for the actions that resulted in this circumstance. i made a mistake for which i apologi
thank you. >> thank you. >>> are retail sales diving off the fiscal cliff? we'll talk about how the tax cut debate is impacting the recent christmas shopping economy. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save...
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. >>> why do some washington power brokers want to go over the fiscal cliff? the political brief sing next. first, the amr moment of 2012 that left us all speechless. i'm not kidding. this literally left me speech weathers it happened. you will remember it. >> contraceptive thing, my gosh, it is such inexpensive. back in my days, they used bayer aspirin, they put it between their knees and it was not that costly? ? >> excuse me, i'm just trying to catch my breath from that. >>> this afternoon's meeting feels like optics, to make it look like we are doing something. let me say one more time, this is a total dereliction of duty at every level. i have been surprised that -- the president has not laid out a very specific plan to deal with this. but candidly, congress could have done the same. and i think that the american people should be disgusted. >> this's just four days until washington drives off the so-called fiscal cliff. something both democrats and republicans have called a worst case scenario. is temporarily going tv cliff is a best-case scenario for all
. >>> why do some washington power brokers want to go over the fiscal cliff? the political brief sing next. first, the amr moment of 2012 that left us all speechless. i'm not kidding. this literally left me speech weathers it happened. you will remember it. >> contraceptive thing, my gosh, it is such inexpensive. back in my days, they used bayer aspirin, they put it between their knees and it was not that costly? ? >> excuse me, i'm just trying to catch my breath from that....
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talking about the fiscal cliff in a television interview. he put much of the blame on the shoulders of republicans if no deal is reached, the g.o.p. firing back saying the president should lead right now not cast blame. chief white house correspondent ed henry is live from the white house, ed? >> you're right, republicans were frustrated by the president going on the sunday talk show today in the middle of all of these negotiations, he's not been on one of these programs since 2009, over years ago. he felt like though it was important to get his message out there and you're right, that he was pounding that same message again and again, if we go off the fiscal cliff, he believes the onus is on the republicans for not meeting him halfway. take a listen. >> not because democrats and congress don't want to go ahead and cooperate, but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit as part of the overall deficit reduction pa
talking about the fiscal cliff in a television interview. he put much of the blame on the shoulders of republicans if no deal is reached, the g.o.p. firing back saying the president should lead right now not cast blame. chief white house correspondent ed henry is live from the white house, ed? >> you're right, republicans were frustrated by the president going on the sunday talk show today in the middle of all of these negotiations, he's not been on one of these programs since 2009, over...
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it's cumulative, it's the debt ceiling, it's the fiscal cliff, it's what taxes are going to be, it's what spending is going to be, people feel uncertain and when they feel uncertain they pull back. that's a natural reaction, whether they're investors or consumers. >> thank you for your time tonight. >> you're welcome. >>> as crises go, you hope for the best and you prepare for the worst, right? since the former is starting to not look so likely, the preparing for the worst options are beginning to ramp up double time. the emergency fail breakers next. >>> is there a new gun regulation you could support? >> i'll tell you what would work right now. tomorrow morning, the nra would be there every step of the way. every u.s. attorney. violent felon, violent criminal, take them off the street. look, if ever -- >> there's no new gun regulation you would support. >> this is what would work. if every -- >> i'm asking you a direct question. is there any new gun regulation you would be willing to support? >> i'm giving you the answer. >> you're saying we should prosecute more criminals. >> he d
it's cumulative, it's the debt ceiling, it's the fiscal cliff, it's what taxes are going to be, it's what spending is going to be, people feel uncertain and when they feel uncertain they pull back. that's a natural reaction, whether they're investors or consumers. >> thank you for your time tonight. >> you're welcome. >>> as crises go, you hope for the best and you prepare for the worst, right? since the former is starting to not look so likely, the preparing for the worst...
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. >> we were saying a lack of urgency in washington to deal with the fiscal cliff and being a member of congress especially a respected member of the senate and what do you think is possible at this point on any type of a large scale deal. what do you see as the most likely scenario moving forward. >> i don't think it's a lack of urgency, but a great deal of concern that republican party failed to do anything. it seems that in the house, boehner has no control over his extreme right wing faction. i think the american people are very clear about what they want. what they want is to ask the wealthiest people in the country to pay their fair share of taxes. there was a poll out the other day, 70% of the american people think folks making over $250,000 a year should pay their fair share. they understand that one out of four corporations are paying nothing. the american people are very, very clear throughout this election and in polling as well. do not cut social security, medicare and medicaid. you have the situation with republicans saying hey, we don't think billionaires should pay a n
. >> we were saying a lack of urgency in washington to deal with the fiscal cliff and being a member of congress especially a respected member of the senate and what do you think is possible at this point on any type of a large scale deal. what do you see as the most likely scenario moving forward. >> i don't think it's a lack of urgency, but a great deal of concern that republican party failed to do anything. it seems that in the house, boehner has no control over his extreme right...
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a whole slew of things, kate, are going to hit people in the pocketbook if this fiscal cliff lingers. >> steve, thanks so much tonight. we have learned more tonight about why secretary of state hillary clinton is in a new york city hospital. her doctors confirm she is being treated for a blood clot between her brain and skull. they say she did not suffer a stroke or neurological damage but clinton remains hospitalized tonight. nbc chief foreign affairs correspondent andrea mitchell joins me now from washington with the latest on that. andrea, good evening. >> good evening, kate. hillary clinton was set to return to work, until doctors discovered the blood clot that formed in her head, specifically in the vein sich waitated between the brain and skull behind the right ear. they say she did not have a stroke, did not suffer neurological damage but will have to be hospitalized for the time being. she's the administration's most high-profile frequent flier. 112 countries, nearly 1 million miles. more than 400 days of travel. named in a gallup poll today as the world's most admired woman.
a whole slew of things, kate, are going to hit people in the pocketbook if this fiscal cliff lingers. >> steve, thanks so much tonight. we have learned more tonight about why secretary of state hillary clinton is in a new york city hospital. her doctors confirm she is being treated for a blood clot between her brain and skull. they say she did not suffer a stroke or neurological damage but clinton remains hospitalized tonight. nbc chief foreign affairs correspondent andrea mitchell joins...
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the fiscal cliff will hurt cities across the nation, philadelphia mayor michael nutter. mr. mayor, thank you so much for being on the show. >> thank you, luke. >> obviously, you've been very outspoken about how the sequester could have the severe impact on budgets for cities around the country. talk about that a little bit. we're only six days away. are you surprised by the lack of action here in washington on the fiscal cliff considering the dire implications for a lot of budgets in cities around america? >> actually, look, i am surprised. been around the block just a couple times. i've seen different things in the past, but this is very serious business, and apparently some members of congress just don't get it. the -- you can call it whatever you want to call it, but certainly fiscal is in front of it and it's not good. taxes going up for all americans, not a good thing. significant, possibly devastating budget cuts coming down to certainly state and local governments, not a good thing. and so this seemingly bad game of chicken, you know, this is not some schoolyard g
the fiscal cliff will hurt cities across the nation, philadelphia mayor michael nutter. mr. mayor, thank you so much for being on the show. >> thank you, luke. >> obviously, you've been very outspoken about how the sequester could have the severe impact on budgets for cities around the country. talk about that a little bit. we're only six days away. are you surprised by the lack of action here in washington on the fiscal cliff considering the dire implications for a lot of budgets...
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thank you both for bei iljudith miller among our gifts. >> suddenly fiscal cliff is looking steeper and closer. noted economistst arthur lapert joins us to tell us how this game stamps.com is the best. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail manicks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. >> is very sad, but this legislation is what is said. the legislation has the expiration of the tax cuts after 10 years. if nothi is done, all tax rates go up. what you see happening allowing some of them to go, all of them to go up, it is a verydifficult situation for speaker boehner and the house republicans to be in. i feel very soy for them. they
thank you both for bei iljudith miller among our gifts. >> suddenly fiscal cliff is looking steeper and closer. noted economistst arthur lapert joins us to tell us how this game stamps.com is the best. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class....
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to the fiscal cliff . after the break we'll get country as far larry gait lin's predictions for 2013. they responded to the scene and discovered that employee had a device placed on her neck. bomb squad personnel removed the device. fbi and phoenix police department are conducting a joint investigation. >> lawmakers are working to get a compromise on the looming fiscal cliff . they call on congress to protect the middle class from a tax income hike. senator roy blunt stated in the gop response said it was the democratics inability to pass that got them to this point. >> dock workers in the bocks have reached an agreement. long shoremen extended for 30 more days. if they can't agree workers could go on a massive strike. >> another winter storm is dumping snoy on great lakes to the east coast. >> snowfall in the new england area is expected to be 4-8: and she's off. sadey the donkey is getting to know her new family. she broke free from her yard and on the lamb for days. sadey's owner who bought the donkey f
to the fiscal cliff . after the break we'll get country as far larry gait lin's predictions for 2013. they responded to the scene and discovered that employee had a device placed on her neck. bomb squad personnel removed the device. fbi and phoenix police department are conducting a joint investigation. >> lawmakers are working to get a compromise on the looming fiscal cliff . they call on congress to protect the middle class from a tax income hike. senator roy blunt stated in the gop...
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caller: thank you for taking my call. to me, the fiscal cliff is just a small smokescreen. the fiscal cliff that is coming is obamacare. nobody is addressing obamacare. i had to find out friday that we will be taxed 2.3% on any device used in any medical field we go to. my husband is a doctor. he wrote out a prescription for us for january, and he said, i do not know how much this will cost you a of pocket because of obamacare. he even said, my husband is over 70, he did not know how much water he would be able to help him because of obamacare. this is just a smokescreen. when people find out that not only will we be taxed on medical devices, but even our debt bills will be going up because of our animals -- this thing is a joke. you liberals out there, you'll be hit just as hard as the republicans. as the tea party warn you that this will happen. host: let's give the guys at the chance to comment on health care law and its place in this debate. guest: it is not part of the fiscal cliff. there is a tax increase because of health care reform act. it is not considered part of
caller: thank you for taking my call. to me, the fiscal cliff is just a small smokescreen. the fiscal cliff that is coming is obamacare. nobody is addressing obamacare. i had to find out friday that we will be taxed 2.3% on any device used in any medical field we go to. my husband is a doctor. he wrote out a prescription for us for january, and he said, i do not know how much this will cost you a of pocket because of obamacare. he even said, my husband is over 70, he did not know how much water...
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thank you. thank you very much. gerri: fiscal stiffed. that is of americans feel after congress failed to reach a deal on taxes and spending. as a result we are going of the fiscal cliff. joining me now, former adviser to president george w. bush and doug shown, democratic strategist and fox news contributor. welcome to you both. >> thank you so much. gerri: am i surprised by what is happening? no. and my interest? no. and so of start with you. how would you grade the president's lead on this issue today? >> well, i'm not trying to give anyone a good mark, the president by and certainly not congress. i hope my colleague in the spirit of the new year would recognize that the entire political establishment has let us down. we are going to get at best that deal on taxes, not going to get anything to reform entitlements or spending. in my question to you, do you think republicans in the house should vote for this deal? gerri: wait a minute. before you go to that i want to mention, we should acknowledge your that there is still a possibility t
thank you. thank you very much. gerri: fiscal stiffed. that is of americans feel after congress failed to reach a deal on taxes and spending. as a result we are going of the fiscal cliff. joining me now, former adviser to president george w. bush and doug shown, democratic strategist and fox news contributor. welcome to you both. >> thank you so much. gerri: am i surprised by what is happening? no. and my interest? no. and so of start with you. how would you grade the president's lead on...
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gerri: coming up next, the fiscal cliff into plain english or maybe just simple arithmetic. at the bottom of the york, what should investors expect? will the fiscal ) as of them? don't go away. ♪ >> my new year's resolution is to keep going with my personal trainer. ♪ gerri: up next, some of those trillion dollar figures into persctive. the spending gerri: there is a reason we call this segment back of the envelope. we try to explain in plain english some of the more complicated financial issues. the big issue today, the fiscal cliff. and you may be asking yourself, why is this so importat? what is so cataclysmic about our nation's finances that we need to implement these monster tax increases and make draconian spending cuts. well, if you want to understand the government and its problems, take a lookat these numbers. let's start with tax revenue. these are the nation's tax revenues. what you have your is just over 2 trillion in income. that's all it is really. and look at these euros. a very big number. the spending in the federal budget. you will notice to these numbe
gerri: coming up next, the fiscal cliff into plain english or maybe just simple arithmetic. at the bottom of the york, what should investors expect? will the fiscal ) as of them? don't go away. ♪ >> my new year's resolution is to keep going with my personal trainer. ♪ gerri: up next, some of those trillion dollar figures into persctive. the spending gerri: there is a reason we call this segment back of the envelope. we try to explain in plain english some of the more complicated...
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thank you both for being iljudith miller among our gifts. >> suddenly fiscal cliff is looking steeper and closer. noted economist arthur lapert joins us to tell us how this game >> is very sad, but this legislation is what is said. the legislation s the expiration of the tax cuts after 10 years. if nothing is done, all tax rates go up. what you see happening allowing some of them to go, all of them to go up, it is a very difficult situation for speaker boehner and the house republicans to be in. i feel very sorry for them. they are caught in a trap. lou: a trap, a conundrum that was perfectly visible. it was transparent where we would be. and the republicans, the republican leadership, the republican national committee. all of the so-called wise men and women of the party did absolutely nothing to prepare for this strategic moment, and they are coming up woefully short. >> that's very true. you knew it happened 10 years ago when there was a provision that this was going to happen. here it is. i think the key for the republicans from my standpoint is to get this over with as quickly as
thank you both for being iljudith miller among our gifts. >> suddenly fiscal cliff is looking steeper and closer. noted economist arthur lapert joins us to tell us how this game >> is very sad, but this legislation is what is said. the legislation s the expiration of the tax cuts after 10 years. if nothing is done, all tax rates go up. what you see happening allowing some of them to go, all of them to go up, it is a very difficult situation for speaker boehner and the house...
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Dec 28, 2012
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on her way to the fiscal cliff. thank you very much. heather: russian president vladimir putin accused of playing politics with the lives of orphans. signing a bill banning americans from adopting russian children. bad news has left dozens of american families heartbroken. amy kellogg is live in london with details. reporter: heather, one russian activist says that every member of the russian parliament voted for this measure should be obliged to adopt a russian child of his or her own. there are 700,000 russian children who need a home. only 18,000 russian families who signed up to adopt. this new law was named after a russian baby that died in the custody of his american adoptive parents. he was neglected. but it is really believe that the reason for this law was another law that was just passed in washington, so it is a response to the american law punishes human rights violators in russia. it was sparked by the death of a russian lawyer who died died in jail investigating a fraud case at the request of americans in russia. it single
on her way to the fiscal cliff. thank you very much. heather: russian president vladimir putin accused of playing politics with the lives of orphans. signing a bill banning americans from adopting russian children. bad news has left dozens of american families heartbroken. amy kellogg is live in london with details. reporter: heather, one russian activist says that every member of the russian parliament voted for this measure should be obliged to adopt a russian child of his or her own. there...
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shy of the deadline the senate passed a deal to avoid the fiscal cliff. >> that goes to the house for a vote. doug mcelway is live with what it all means. you have been up all night so have i, what do we have? >> little more than 2 hours after the deadline passed they passed a stopgap fiscal cliff bill that spares the vast majority of americans tax increases. it passed with broad bipartisan support the final vote was 89 yai's 8 nay's. they pent went to the floor to describe a flawed bill one of the best they could craft given the different priorities over the two parties for the last couple years. >> shouldn't be a model of how we do things but i think we can say we have done some good for the country. we have done some good for the country. we have taken care of the revenue side of this debate. >>> working through the night we have reached a deal with sen more mcconnell. i have said all along the most important priority was to pa protect the middle class families. >> it raises tax rates on incomes over 400,000 for individuals 450,000 for couples. it blocks the spending cuts for two m
shy of the deadline the senate passed a deal to avoid the fiscal cliff. >> that goes to the house for a vote. doug mcelway is live with what it all means. you have been up all night so have i, what do we have? >> little more than 2 hours after the deadline passed they passed a stopgap fiscal cliff bill that spares the vast majority of americans tax increases. it passed with broad bipartisan support the final vote was 89 yai's 8 nay's. they pent went to the floor to describe a flawed...
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. >> thank you, david lee. back to the fiscal cliff. don't blame congress for this scramble, blame the media? ands can put them at increased risk for plaque buildup inheir arteries. so it's even more important to lower their cholesterol, and that's why, when diet and exercise alonaren't enough, i prescribe crestor. in a clinical trial versus lipitor, crestor got more high-risk patients' bad cholesterol . [ female announcer ] crestor is not right for everyone. like people with liver disease or women who are nursing, pregnant or may become pregnant. tell your doctor about other medicines yore taking. ll your doctoright away if you have muscle pain or weakness, feel unusually tired, have loss of appetite, upper belly pain, dark urine or yellowing of skin or eyes. these could be signs of rare but serious side effects. ♪ is your cholesterol at goal? talk to youdoctor about crestor. [ femalannouncer ] if you can't afford your medication, astrazeneca may be able to help. >> this is new york's times square with a million people on average wat
. >> thank you, david lee. back to the fiscal cliff. don't blame congress for this scramble, blame the media? ands can put them at increased risk for plaque buildup inheir arteries. so it's even more important to lower their cholesterol, and that's why, when diet and exercise alonaren't enough, i prescribe crestor. in a clinical trial versus lipitor, crestor got more high-risk patients' bad cholesterol . [ female announcer ] crestor is not right for everyone. like people with liver...
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Dec 27, 2012
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thanks so much. now to the quickly approaching fiscal cliff. tonight president obama and lawmakers are heading back to washington. but do they have enough time left to strike a deal in congressmen tray joins us. hi, tray, a pleasure to see you tonight. >> you too. merry christmas. >> merry christmas. unfortunately we still have the fiscal cliff looming over our head. a lot going on. talk about whether or not we can't get some kind of bipartisan approach. there is some kind of discussion that there might be a deal coming up. tell us what you know. >> i assure you that there will be a resolution either before the new year or shortly after the new year. that's the good news, that there will be a deal. the bad news for you and your viewers is that there won't be a solution. it will be a pan sea or some magical elixor that makes us all feel better. but shortly after we will get a letter from geithner asking us to raise the debt ceiling for the 80th time in our country's history. there will be a deal to, quote, avert the fiscal cliff. your viewers sh
thanks so much. now to the quickly approaching fiscal cliff. tonight president obama and lawmakers are heading back to washington. but do they have enough time left to strike a deal in congressmen tray joins us. hi, tray, a pleasure to see you tonight. >> you too. merry christmas. >> merry christmas. unfortunately we still have the fiscal cliff looming over our head. a lot going on. talk about whether or not we can't get some kind of bipartisan approach. there is some kind of...
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fiscal cliff. here's what both sides are considering in a potential deal right now. an increase in tax rates for families making over $450,000 a year. extending unemployment benefits. and an increase in the estate tax. the president seemed hopeful but cautious when he addressed the american people earlier today. >> today, it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> let's get straight to our chief white house correspondent jessi jessica yellin. she's over at the white house with the very latest. the president seems pretty optimistic that it's within a few hours we could have a deal, right? >> reporter: wolf, the people i just spoke to here say they are no more or less optimistic than they were this morning. which is to say they are not cueing the confetti just yet. senator mitch mcconnell, the republican leader on the hill, is still t
fiscal cliff. here's what both sides are considering in a potential deal right now. an increase in tax rates for families making over $450,000 a year. extending unemployment benefits. and an increase in the estate tax. the president seemed hopeful but cautious when he addressed the american people earlier today. >> today, it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we're hopeful that...
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thank you both for being iljudith miller among our gifts. >> suddenly fiscal cliff is looking steeper and closer. noted economist arthur lapert joins us to tell us how this game stamps.com is the best. i don't have to leave my desk and get up and go to the post ofce anymore. male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i hav exactly the amount of postage i nd, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail manicks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. pick your [bleep] up. you're not [bleep] sittin' here. yes, i am. [laughter] move. move. [laughter/indistinct chatter] bully: give it to him hard. no, no, no, oww. announcer: every day, kids witness bullying... boy: why are you stabbing me with it? no! announcer: they want to help, but dot know how. no! oww. ohh, you guys... announcer: teach your kids how
thank you both for being iljudith miller among our gifts. >> suddenly fiscal cliff is looking steeper and closer. noted economist arthur lapert joins us to tell us how this game stamps.com is the best. i don't have to leave my desk and get up and go to the post ofce anymore. male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i hav exactly the amount of postage i nd, the instant i need it. can you print only stamps? no... first class....
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thank you both for being iljudith miller among our gifts. >> suddenly fiscal cliff is looking steeper and closer. noted economist arthur lapert joins us to tell us how this joins us to tell us how this game [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchas online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.copricerewind. citi price rewind. want to know what i did in the last five hours?i pl. then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a pingong master while recording my debut album. how yoask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. >> is very
thank you both for being iljudith miller among our gifts. >> suddenly fiscal cliff is looking steeper and closer. noted economist arthur lapert joins us to tell us how this joins us to tell us how this game [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get...
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Dec 28, 2012
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turning now to what may be the phrase of the year, the fiscal cliff, and with the calendar as the enemy the two sides desperate to hammer out a deal. this afternoon the president will sit down with congressional leaders at the white house. the hope is that both sides can agree to a compromise to prevent the economy from sliding back into a recession. but judging from some of the rhetoric on capitol hill, we still got a long way to go, folks. >> if we go over the cliff, we will be left with the knowledge that could have been prevented with a single vote. american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a de dictatdec dictatorship of the speaker. john boehner seems to care more about keeping his speaker ship. he's waiting until january 3rd to get reelected as speaker before he gets serious with negotiations. because he has so many people over there. that won't follow what he wants. that's obvious from the debacle that took place last week. >> tough words from the democrats. to the republicans,
turning now to what may be the phrase of the year, the fiscal cliff, and with the calendar as the enemy the two sides desperate to hammer out a deal. this afternoon the president will sit down with congressional leaders at the white house. the hope is that both sides can agree to a compromise to prevent the economy from sliding back into a recession. but judging from some of the rhetoric on capitol hill, we still got a long way to go, folks. >> if we go over the cliff, we will be left...
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"fiscal cliff." the country will officially go over it tonight. congress will miss a midnight deadline. so what now? will washington prevent significant economic fall-out come wednesday? this is "special report." ♪ ♪ good evening. i'm bret baier. when the giant crystal ball makes the last move in times square tonight, 2013 will officially be here. and so will the deadline. for a deal here in washington. politicians self-imposed fiscal cliff. the effort to make the consequences so unattractive for missing that, that both sides would have to come to agreement. at this hour, there is no legislation to vote on yet. there is every indication officially it's over that cliff we go. some things are settled. others are still in flux. that is where it starts to get technical. so let's bring in fox team coverage to straighten it out. chief white house correspondent ed henry looks at messaging and movement from president obama today. first, chief congressional correspondent mike emanuel on what seems to have been settled and how and what is still up in th
"fiscal cliff." the country will officially go over it tonight. congress will miss a midnight deadline. so what now? will washington prevent significant economic fall-out come wednesday? this is "special report." ♪ ♪ good evening. i'm bret baier. when the giant crystal ball makes the last move in times square tonight, 2013 will officially be here. and so will the deadline. for a deal here in washington. politicians self-imposed fiscal cliff. the effort to make the...
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." >> great to be here, thank you. >> the obvious question -- are we going over the fiscal cliff? >> well, i think we're going to find out in the next 48 hours what congress decides to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. because it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended and they're all about to expire at the end of the year. so on midnight, december 31st, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they're less likely to hire and the whole economy could slow down at a time when the economy is starting to pick up and we're seeing signs of recovery in housing and employment numbers improving. so what congress needs to do first and foremost, is to prevent taxes from going up for the vast majority of ameri
." >> great to be here, thank you. >> the obvious question -- are we going over the fiscal cliff? >> well, i think we're going to find out in the next 48 hours what congress decides to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. because it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended and they're all about to expire at the end of the year. so on...
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thank you both for being iljudith miller among our gifts. >> suddenly fiscal cliff is looking steeper and closer. noted economist arthur lapert joins us to tell us how this game copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medicatio, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your fit full prescription free and save on refills at advaircopd.com. time for citi price rewind. because your daughter re
thank you both for being iljudith miller among our gifts. >> suddenly fiscal cliff is looking steeper and closer. noted economist arthur lapert joins us to tell us how this game copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medicatio, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your...
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to all of us. >> thank you you. >> chris: up next, the sunday group on the fiscal cliff. what will happen and how will it affect you? >>> we will be working hard to try to see if we can get there in the next 24 hours. and so i'm hopeful and optimistic. >> whatever we come up with is going to be imperfect and some people aren't going to like it and some people will like it less but that is where we are. >> chris: the two senate leaders mitch mccon and harry lead on the last ditch effort to put together a deal to arod the fiscal cliff. time for our sunday group, bill kristol. evan bayh, byron york and kirsten powers. well, bill, you just heard mitch mcconnell say he is hopeful and optimistic. will congress pass something in the next 48 hours, something to avoid the fiscal cliff? >> i don't know. but i guess probably. and it will be a bad deal but i suppose better than doing nothing. amazing every working american's taxes will go up on january 1. they are doing nothing about the payroll tax which is a big increase, 2%. and we will have totally irresponsible defense cuts. eve
to all of us. >> thank you you. >> chris: up next, the sunday group on the fiscal cliff. what will happen and how will it affect you? >>> we will be working hard to try to see if we can get there in the next 24 hours. and so i'm hopeful and optimistic. >> whatever we come up with is going to be imperfect and some people aren't going to like it and some people will like it less but that is where we are. >> chris: the two senate leaders mitch mccon and harry lead...